Common use of Death or Disability/Incapacity Clause in Contracts

Death or Disability/Incapacity. (i) Upon death, Employee’s estate’s sole entitlement will be to Base Salary for any days worked prior to his death, amounts payable on account of Employee’s death under any insurance or benefit plans or policies maintained by the Company, and any vested benefits to which Employee is entitled under the Company’s stock option and employee benefit plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans. (ii) On termination for disability or incapacity, Employee’s sole entitlement will be to Base Salary for any days worked prior to the date of termination, amounts payable on account of disability or incapacity under any insurance or benefit plans or policies maintained and any vested benefits to which Employee is entitled under the Company’s stock option and employee benefit plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans.

Appears in 2 contracts

Samples: Employment Agreement (Bon Ton Stores Inc), Employment Agreement (Bon Ton Stores Inc)

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Death or Disability/Incapacity. (i) Upon On death, Employee’s 's estate’s 's sole entitlement will be to Base Salary base salary for any days worked prior to his death, amounts payable on account of Employee’s 's death under any insurance or benefit plans or policies maintained by the Company, and any vested benefits to which Employee is entitled under the Company’s 's stock option and employee benefit plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans. (ii) On termination for disability or incapacity, Employee’s 's sole entitlement will be to Base Salary base salary for any days worked prior to the date of termination, amounts payable on account of disability or incapacity under any insurance or benefit plans or policies maintained and any vested benefits to which Employee is entitled under the Company’s 's stock option and employee benefit plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans.

Appears in 1 contract

Samples: Employment Agreement (Bon Ton Stores Inc)

Death or Disability/Incapacity. (i) Upon On death, Employee’s estate’s sole entitlement will be to Base Salary base salary for any days worked prior to his death, amounts payable on account of Employee’s death under any insurance or benefit plans or policies maintained by the Company, and any vested benefits to which Employee is entitled under the Company’s stock option and employee benefit plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans. (ii) On termination for disability or incapacity, Employee’s sole entitlement will be to Base Salary base salary for any days worked prior to the date of termination, amounts payable on account of disability or incapacity under any insurance or benefit plans or policies maintained and any vested benefits to which Employee is entitled under the Company’s stock option and employee benefit plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans.

Appears in 1 contract

Samples: Employment Agreement (Bon Ton Stores Inc)

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Death or Disability/Incapacity. (i) Upon On death, Employee’s 's estate’s 's sole entitlement will be to Base Salary for any days worked prior to his death, amounts payable on account of Employee’s 's death under any insurance insurance, bonus or other benefit plans or policies maintained by the Company, and any vested benefits Options to which Employee is entitled under the Company’s 's stock option and employee benefit plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans. (ii) On termination for disability or incapacity, Employee’s 's sole entitlement will be to Base Salary for any days worked prior to the date of termination, amounts payable on account of disability or incapacity under any insurance insurance, bonus or other benefit plans or policies maintained and by the Company, any vested benefits options to which Employee he is entitled under the Company’s 's stock option and employee benefit plans in accordance with, to the extent provided in, and subject to the restrictions and payout schedules contained in those plans.

Appears in 1 contract

Samples: Employment Agreement (Bon Ton Stores Inc)

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